Donald Trumps touch is poison.
He said theyd be part of the forthcoming U.S. Crypto Reserve.
For a while after the post, the number went up.
Bitcoin Sign Balloon Deflated© Andriy Onufriyenko via Getty stock images.
But now its coming back down again.
I will see to it the U.S. is the Crypto Capital of the World.
We are MAKING AMERICA GREAT AGAIN!
In a second post he added everyones preferred crypto.
I also love Bitcoin and Ethereum!
He saidan hour later.
Trumps postsspiked the priceof all five cryptocurrencies.
But the prices always slide back down.
Trump is volatile and doesnt always do what hes promised.
Bloomberg has labeled the recent rise and fall the Trump Pump.
The problem is that no one knows how Trump will actually create a strategic reserve.
Hes suggested in the past that hell cobble it together from seized assets gained during federal investigations.
He may alsorevalue the price of Americas goldreserve and use some of that money to buy crypto.
But thats also yet to materialize.
February was a month of decline for cryptocurrencies.
They slid more overall than they had since 2022.
Hours after initiating the Trump Pump, the President announced a more far-reaching and consequential bit of policy.
He was making America great for shell companies again.
BOI required companies with fewer than 20 employees to register their business with the government.
Trump has made it easier for big corporations to use smaller ones to hide stuff.
Big Business keeps winning.
Cryptocurrencies keep floundering, waiting for the next Trump Pump.
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